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Definitive Analysis

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Page: Dividend Discount Model

Royce Global Value Trust, Inc.

Ticker: RGT | Industry: Asset Management - Global | Sector: Financial Services
$13.76 +0.12 (0.88%)
As of: 2026-01-15

Master Data Export


Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM$14.58 - $16.94$15.77
Multi-Stage DDM$6.43 - $7.13$6.77
Blended Fair Value$11.27
Stock Price$12.77

Dividend History (Last 10 Years)

Metric2024202320222021202020192018201720162015
DPS3.0160.0730.0701.2121.31410.0760.0400.1100.1390.000
YoY %4,043.88%3.61%-94.20%-7.79%-86.96%24,963.12%-63.55%-20.68%0.00%0.00%
Yield23.618%0.570%0.550%9.490%10.291%78.902%0.315%0.864%1.089%0.000%

CAGRValue
5 Year-21.43%
10 Year0.00%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth-13.97% to -11.97%-12.97%
WACC10.00%10.00%
Fair Value$14.58 - $16.94$15.77

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(*) Adjusted Net Income8.538.538.53
(=) Cash Required1.711.070.64
Cash Retained8.538.538.53
(-) Cash Required-1.71-1.07-0.64
(=) Excess Retained6.827.467.89
(/) Shares Outstanding6,519,0106,519,0106,519,010
(=) Excess Retained per Share1.051.141.21
LTM Dividend per Share3.0163.0163.016
(+) Excess Retained per Share1.051.141.21
(=) Adjusted Dividend4.0634.1614.226

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income8.537.426.465.624.894.26
Payout Ratio230.6%25.0%41.0%57.0%73.0%90.0%
Projected Dividends19.661.862.653.203.573.83

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV1.751.771.79
Year 2 PV2.242.302.35
Year 3 PV2.442.532.61
Year 4 PV2.442.562.68
Year 5 PV2.362.502.64
TV PV30.6932.5234.43
Equity Value41.9244.1646.50
Fair Value$6.43$6.77$7.13
Stock Price$12.77$12.77$12.77

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